NNPC, NUPENG, marketers allay fears of fuel scarcity at yuletide

Major stakeholders in the downstream sector of the petroleum industry have allayed fears of any fuel scarcity, nor strike in the build-up to yuletide, saying they would ensure a steady supply of Premium Motor Spirit (PMS) – petrol for the period and even beyond. According to them, they are joining…

Updated: Nigeria says tax credit scheme to fix bad roads has fetched N205bn

Nigeria’s road infrastructure development scheme is beginning to yield much needed fruit, a senior government official said Thursday. The Scheme, aimed at encouraging private companies to share the cost of developing road infrastructure by providing them with tax credits, has secured N205 billion worth of private investment since commencement this…

Nicky Okoye outlines strategies to attract global institutional investors

Nicky Okoye, founder and chief strategist, Nicky Okoye Organisation (NOO) has outlined six strategies that can reposition and usher in monumental wealth and prosperity for Nigerian and African businesses over a short term period. Okoye, who worked with Merrill Lynch, Nigerian Stock Exchange, Transcorp and NITEL, advised entrepreneurs to adopt…

Azman aircraft makes air return over fire alert from shisha coal

Lagos-Abuja bound Boeing 737 aircraft with registration number ZQ 2323 belonging to Azman Air on Thursday made air return over fire eruption from Shisha. The aircraft which was carrying about 135 passengers had to make an air return 10 minutes into the flight after fire alarm alerted the crew who…

Presidency disowns list of Osinbajo’s aides sacked by Buhari

The Presidency has dismissed the list said to contain the names of aides attached to the office of Vice President Yemi Osinbajo purported to have been sacked on the orders of President Muhammadu Buhari. The disclaimer was contained in a tweet by) Laolu Akande, Senior Special Assistant to the President…

Air Peace success offers operational lessons for domestic carriers

Despite the harsh operating environment, Air Peace which started operations five years ago with just four aircraft now has 30 aeroplanes in its fleet while other domestic carriers have struggled. The airline placed a firm order for 10 brand new Embraer 195-E2 aircraft. The order comprises purchase rights for another…

Hire graduate entrepreneurs ahead of ‘paper graduates’

Indeed, nothing has ever remained the same. The success paradigm before this information age was to get the best grade out of schools to be employed by top organisations. Things are changing. We are producing more graduates than the available jobs, and the quality of our school system is dropping…

IWEC Foundation appoints Ibukun Awosika as new president of its board of directors

International Women’s Entrepreneurial Challenge Foundation (IWEC) has announced the appointment of Ibukun Awosika to their Board of Directors as its new president. Awosika is the chairman of First Bank of Nigeria Limited. Awosika was elected to replace Miguel Valls, former president of the Barcelona Chamber of Commerce and president of…

Breaking: Customs boss suspends supply of petrol to border communities

Comptroller General of Customs, Col. Hameed Ali has ordered that petroleum products should no longer be supplied to filling stations within 20 kilometres to all Nigerian borders with their neighbouring countries. A copy of the directive dated November 6 and signed Chidi A, the deputy-controller General on behalf of his…